Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 21.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,653 shares of the company's stock after selling 3,651 shares during the period. Principal Financial Group Inc. owned 0.16% of Coca-Cola Consolidated worth $17,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in COKE. Ameritas Advisory Services LLC purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth $233,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Coca-Cola Consolidated by 73.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 789 shares of the company's stock valued at $856,000 after acquiring an additional 334 shares during the last quarter. Signaturefd LLC lifted its stake in Coca-Cola Consolidated by 15.3% in the 2nd quarter. Signaturefd LLC now owns 68 shares of the company's stock worth $74,000 after purchasing an additional 9 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth approximately $222,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $498,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 0.8 %

Coca-Cola Consolidated stock traded up $9.68 during trading on Friday, reaching $1,232.44. 29,330 shares of the company were exchanged, compared to its average volume of 49,675. The stock's 50 day simple moving average is $1,243.20 and its two-hundred day simple moving average is $1,216.54. The company has a market capitalization of $10.80 billion, a P/E ratio of 21.45 and a beta of 0.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The business had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.